You can only become wealthy later in life at which point you can’t advantage your past self. Thus new money receives fewer benefits than old money from the exa

You can only become wealthy later in life at which point you can’t advantage your past self. Thus new money receives fewer benefits than old money from the exact same policies. Further having 100m at 40 doesn’t suddenly bring the kind of social connections that going to the right schools and the right parties would. At the extremes, the average lottery winner is surrounded by people asking for help, the average Fortune 500 CEO’s social circle aren’t. So if they suddenly fall on hard times the lottery winner is stuck but that CEO may very well claw their way back. It’s still possible for poor people to succeed and 3rd+ generation wealth to fail, but the odds are wildly different.